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leeada2016
Apr 30, 2022 12:26 PM

gold/xauusd Long

Gold/U.S. DollarFXCM

Description

Still, tor between the targets of wave 5 extension given cycle and grand cycle 5th waves are coming to an end. And whether the grand cycle degree will extend which would give a target of 4k. At the cycle level, we have a target of 3300 and this seems more fitting especially in terms of the trend channel. Then there is the element of time 5th can be v quick and given this can last for several years minimum of 23/24 would fit ...
Comments
dRends35
Is "grand cycle" a wave degree?
leeada2016
@dRends35, yes it could be there was some mention of this couple of years ago also although they believed it would be finished at 1900 thereabouts. So yeh we have 5th wave of this cycle and a potential 5th grand wave cycle ending...
dRends35
@leeada2016, Is there a wave degree called "grand cycle"?
leeada2016
@dRends35, yes longest cycle
dRends35
@leeada2016, The longest cycle is Supermillenium is it not? I dont think "grand cycle" is a correct name is it?
leeada2016
@dRends35, same thing i think not sure why it is called different on tv but by mr pretcher and mr elliott originator it was known as grand cycle
dRends35
@leeada2016, Page 2 - Elliott Wave Principle, by A.J. Frost and Robert Prechter.

"Here are the accepted notations
for labeling Elliott Wave patterns at every degree of trend:

Grand Supercycle
Supercycle
Cycle"

No mention of "Grand Cycle."
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